Site Meter
Home » Archives » Master PT Expanding Operations Columbus, IN

Master PT Expanding Operations Columbus, IN

Master Power Transmission (Master PT) of Greenville, SC, will invest $3.6 million to renovate and equip an additional 30,000 square feet of production area in its current 220,000 square-foot facility in Columbus, IN. The company produces industrial gearboxes that are used in various warehousing and manufacturing operations.

“Our manufacturing sector continues to see significant growth despite the difficult global economy, and Master PT’s announcement is another boost to this important industry,” said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.

Master PT, which currently has 56 full-time employees in Columbus, has already begun hiring new machinist and manufacturing associates. With the facility expansion, the company expects to create up to 48 new jobs by 2016.

The company is the combination of two brands: Reeves, established in Columbus in 1878 and Master established in Dayton, OH in the 1920s. Master then relocated to Columbus in 1961.

The Indiana Economic Development Corporation offered Master Power Transmission up to $300,000 in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Columbus approved additional property tax abatement at the request of the Columbus Indiana Economic Development Board.

email

About The Author

Schwartz joined Group C Media in April 1989 as managing editor of Today's Facility Manager. In September 2012, she transitioned to a new role dedicated to developing online content for Business Facilities and Today's Facility Manager. Schwartz can be reached at [email protected]

Number of Entries : 598

Leave a Comment

© 2014 Business Facilities Magazine | Group C Media | Privacy Policy | Terms Of Use